Rescuing Your Business’ Growth from the Clutches of a Cash Crunch

Nuvei Corporation has officially announced the launch of its new Invoice Financing services that are designed to help merchants optimize cash flow and unlock working capital in a productive manner. Already integrated into several leading enterprise resource planning (ERP) platforms, including Sage and Acumatica, the stated services will begin by offering users, like we briefly touched on, an instant access to capital. You see, by leveraging Nuvei’s latest brainchild, businesses can gain access to cash in no more than 24 hours. This they can do through a seamless conversion of outstanding invoices into immediate working capital. Such an arrangement will unsurprisingly make it easier for these merchants to address immediate financial needs, such as paying suppliers, covering operational expenses, or seizing time-sensitive business opportunities. Next up, we have the prospect of enhancing cash flow and conceiving greater liquidity at any given time. You see, with the new invoice financing functionality integrated directly into the ERP, there is no need for us to go through a lengthy and tedious process before we see any cash in our account. Instead, we can clock that very objective with just a click of a button.

“Our mission is to bring our customers closer to their customers through our proprietary payments technology and solutions, and to enable them to accelerate their growth,” said Philip Fayer, Chair and CEO of Nuvei Corporation. “By integrating our Invoice Financing services with leading ERP platforms, we’re empowering businesses to unlock financial flexibility and optimize their cash flow management, ultimately supporting their success in the ever-evolving business landscape.”

Another detail making this new Invoice Financing solution all the more attractive is its ability to work alongside users’ existing workflows. Hence, an example of the same would be how, assuming it’s relevant; load and repayment general ledger (GL) entries are automatically reflected in the ERP system and associated with the financed invoice.

Although pretty significant in its own right, the stated invoice financing solution is actually a part of Nuvei’s flagship Accounts Receivable Automation suite, which is specifically built to help customers manage and improve DSO (Days Sales Outstanding).

As for Nuvei the company, founded back in 2003, it has risen up on the back of its modular, flexible, and scalable technology that allows leading organizations to accept next-gen payments, offer all payout options, and benefit from card issuing, banking, risk, and fraud management services. The company’s excellence in what it does can be understood once you consider it currently connects businesses to their customers in more than 200 markets, with local acquiring in 50 markets. Apart from that, Nuvei also works with 150 different currencies, as well as 680 alternative payment methods. In case that didn’t sound impressive enough, we must also acknowledge how the company has, so far, been a trusted partner for the likes of New Balance, Radisson Hotel Group, General Motors, Riot Games, Virgin Atlantic, Draft Kings, BetMGM, WestJet, Bumble, FanDuel, Chloe, Valentino, Wix, and many other heavyweights.